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Ross Stores’ growth strategy on track

Ross Stores is in the process of opening 23 Ross Dress for Less and seven dd's Discounts stores across 17 different states. The new locations are part of the off-price retailer's plans to add a total of 75 Ross and 20 dd's Discounts stores during 2014.

"These latest openings reflect our ongoing expansion strategy to fill in our presence in existing markets while also increasing penetration in our newer Midwest region where we added another eight Ross locations in July,” said Jim Fassio, president and chief development officer.

The seven dd's Discounts stores the retailer opened also included initial entry into three new states: New Jersey, North Carolina and Oregon.

"With these new locations, Ross Dress for Less remains the largest off-price apparel and home fashion chain in the country, with 1,194 stores in 33 states, the District of Columbia and Guam, while dd's Discounts now operates 144 locations in 13 states,” added Fassio. “Looking ahead, we continue to see significant future growth opportunities and believe that over time Ross can nearly double its existing store count to 2,000 locations and dd's can become a chain of 500 stores."

Ross Stores is headquartered in Dublin, California, with fiscal 2013 revenues of $10.2 billion.

 

 

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